On the face of it, the Treasury is in no position to finance a big giveaway. Mr Brown's famous fiscal rules are as good as already broken. In addition we have one of the largest underlying budget deficits in the industrial world and a bigger public sector debt than most industrial countries.

Authors

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Robert Chote

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Publisher
Telegraph Group

Suggested citation

Chote, R. (2008). Four reasons why Gordon Brown is likely to cut taxes [Comment] Telegraph Group. Available at: https://ifs.org.uk/articles/four-reasons-why-gordon-brown-likely-cut-taxes (accessed: 4 July 2024).

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